A cheque that is payable to whoever presents it is known as____________
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Correct Answer: Option D
Explanation:
A bearer cheque is payable to the person who presents it for payment. The bank generally does not require the presenter to be specifically named as the payee, which makes a bearer cheque transferable by delivery.
A bearer cheque is payable to the person who presents it for payment. The bank generally does not require the presenter to be specifically named as the payee, which makes a bearer cheque transferable by delivery.